News

Exploration budget doubled at Cheni Gold’s B.C. bet

Site preparation at Cheni Gold Mines’ Lawyers property is on schedule and within budget, says Paul Girard, president. Road access into the Sturdee airstrip was scheduled for completion by the first we…


Sunmist to drill Cobalt area bet

Sunmist Energy ’86 Inc. reports it will carry out a diamond drill program on its newly-acquired Keeley- Frontier property in South Lorrain Twp., near Cobalt, Ont. Sunmist says it purchased the propert…


Vancouver Stock Exchange Neutral mood prevails

The overall market trend in Vancouver is decidedly neutral. Sharp losses in New York and Toronto were not duplicated here, probably because Vancouver is so heavily gold oriented. And the yellow metal …


Delbridge find visible gold at DeSantis bet

Robert Onotsky, president of coats-listed Delbridge Mines is quite enthused and excited over sightings of visible gold on the company’s DeSantis property in Turnbull Twp., near Timmins, Ont. In a phon…


Que West refinances

A refinancing and capital reorganization program is in progress for Que West Resources. The company says it has an agreement with Cancapital Corp. and S.C. Equities, whereby these companies have acqui…


Coniagas Group releases 1987 first half results

The companies which form the Toronto-based Coniagas Group have just released results for the six months ended June 30, 1987. Quebec Sturgeon River Mines reported a loss for the period of $119,184 or 1…


Dolphin driving a decline at Cape Ray gold project

A $4-million exploration program is being undertaken this year by Vancouver-based Dolphin Explorations at its Cape Ray gold project in southwest Newfoundland which includes the driving of a decline on…


New leach pad ups production for Grandview

Gold production at Grandview Resources’ Carson Hill mine in California has increased substantially with the commissioning of the No 2 leach pad. August production was 3,144 oz which compares to 2,332 …


Northair completing exploration on Willa

Northair Mines says the $2.1-million exploration program at its Willa property in southeastern B.C. is now over 60% completed. The 1,100-ft underground decline has reached the lower portion of the Wes…


East zone on Mooseland bet better than west, Acadia

The eastern zone of Acadia Mineral Ventures’ Mooseland property in Nova Scotia is shaping up to be very interesting. Based on the most recent drill results, the zone is beginning to show better contin…


Northway, Aur are partners at Bargold

Northway Explorations has entered into an agreement with Aur Resources on the 20-claim Bargold property in Barraute Twp., Que. Northway can earn a 40% interest by spending $2 million on exploration ov…


Sale of shares boosts earnings for CoCa Mines

The sale of shares in a major silver producer boosted first-half earnings of CoCa Mines to $1.76 million(US). This figure compares to an $858,000 loss a year earlier. CoCa has an 8% interest in Equity…


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